research

  Working Papers:

  1.    "Heterogeneity in Decentralized Asset Markets," with Julien Hugonnier and Pierre-Olivier Weill (revise and resubmit, Review of Economic Studies)
  2.    "Interviews and the Assignment of Workers to Jobs," with Ronald Wolthoff 
  3.    "Marketmaking with Search and Information Frictions," with Ali Shourideh, Venky Venkateswaran, and Ariel Zetlin-Jones

  Papers in Refereed Journals:

  1.    "Screening and Adverse Selection in Frictional Markets," with Ali Shourideh, Venky Venkateswaran, and Ariel Zetlin-Jones, accepted, Journal of Political Economy
  2.    "Competing with Asking Prices," with Ludo Visschers and Ronald Wolthoff, Theoretical Economics, 2017, 12, 731-770.
  3.    "Excess Reserves and Monetary Policy Implementation," with Roc ArmenterReview of Economic Dynamics, 2017, 23, 212-235.   
  4.    "Information Spillovers, Gains from Trade, and Interventions in Frozen Markets," with Braz Camargo and Teddy Kim, 2015. Review of Financial Studies, 2016, 29 (5), 1291-1329
  5.    "Competing for Order Flow in OTC Markets," with Guillaume Rocheteau and Pierre-Olivier Weill.  Journal of Money, Credit, and Banking, 2015, 47 (s2), 77-126.
  6.    "Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets," with Ludo Visschers and Ronald Wolthoff. Journal of Economic Theory, 2015, 155, 1-15 (online Appendix)
  7.    "Trading Dynamics in Decentralized Markets with Adverse Selection," with Braz Camargo, Journal of Economic Theory, 2014, 153, 534-568.
  8.    "Information Acquisition and the Exclusion of Evidence in Trials," with Nicola Persico and Ludo Viscchers, Journal of Law, Economics, and Organization, 2012, 28 (1), 163-182.
  9.    "Information, Liquidity, Asset Prices, and Monetary Policy," with Andrew Postlewaite and Randy Wright, Review of Economic Studies, 2012, 79 (3), 1208-1238.
  10.    "Information and Liquidity," with Andrew Postlewaite and Randy Wright, Journal of Money, Credit, and Banking, 2011, 43 (s2), 355-377.
  11.    "Information and Prices with Capacity Constraints," American Economic Review, 2011, 101 (4), 1591-1600.
  12.    "Directed Search with Multi-Vacancy Firms," Journal of Economic Theory2010, 145 (6), 2108-2132.
  13.    "Settlement Systems," The B.E Journal of Macroeconomics (Contributions)2009, 9 (1), article 17.

  Papers in Non-Refereed Journals:
  1.    "Why Ask?  The Role of Asking Prices in Transactions," Federal Reserve Bank of Philadelphia Business Review2015, Q4, 1-4.
  2.   "Breaking the Ice: Government Interventions in Frozen Markets," Federal Reserve Bank of Philadelphia Business Review2013, Q4, 19-25.  

    
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